Tesla’s China-made EV sales rise 15.3% y/y in July

BEIJING (Reuters) – U.S. automaker Tesla (NASDAQ:)’s sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on Friday.

© Reuters. Tesla's new Model 3 sedan is seen displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo/File Photo

Deliveries of China-made Model 3 and Model Y vehicles were up 4.4% from June.

Chinese rival BYD (SZ:), with its Dynasty and Ocean lineups of EVs and plug-in hybrids, saw passenger vehicle sales jump 30.5% year-on-year to a fresh monthly high of 340,799 units in July.